Thursday, August 5, 2021

Arrow Electronics Guides Q3 Adj. EPS Above Estimates - Quick Facts

While reporting financial results for the second quarter on Thursday, Arrow Electronics, Inc. (ARW) projected earnings for the third quarter in a range of $3.24 to $3.40 per share and adjusted earnings in a range of $3.42 to $3.58 per share on total sales between $8.175 billion and $8.775 billion, with global components sales between $6.375 billion and $6.675 billion, and global enterprise computing solutions sales between $1.80 billion and $2.10 billion.

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Aptiv Boosts FY21 Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, technology company Aptiv PLC (APTV) raised its adjusted earnings and net sales guidance for the full-year 2021.

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Thomson Reuters Boosts FY21 Revenue Growth Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, Thomson Reuters Corp. (TRI, TRI.TO) raised its revenue and organic revenue growth guidance for the full-year 2021, based on the strong first-half performance and the trajectory of the business for second half of the year. It also provided outlook for the third quarter and reaffirmed outlook for fiscal 2022 and 2023.

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Moderna Q2 Results To Estimates; Boosts FY21 COVID-19 Vaccine Sales Outlook

Moderna Inc. (MRNA) reported a profit for the second quarter compared to a loss in the previous year, reflecting surging revenues on commercial sales of the company's COVID-19 vaccine in the U.S. Quarterly earnings per share and revenues topped analysts' expectations. The company raised its 2021 sales forecast for its COVID-19 vaccine.

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Wednesday, August 4, 2021

General Motors Q2 Profit Beats Estimates, Sees FY21 Profit Below Market; Stock Down

General Motors Co. (GM) said its second-quarter results were better than originally expected due to strong pricing and demand, record GM Financial results and improved near-term production from the pull forward of semiconductors from the third quarter. Based on first-half performance and expectations for the rest of the year, the company increased its full-year guidance. However, the revised earnings guidance range was still below analysts' estimate. GM noted that semiconductor shortage remains fluid and supply chain challenges continue in the second-half.

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Clean Harbors Boosts FY21 Outlook As Q2 Results Top Estimates - Quick Facts

While reporting its financial results for the second quarter on Wednesday, Clean Harbors Inc. (CLH, CLHB) raised its adjusted EBITDA and adjusted free cash flow guidance for the full-year 2021, based on its second-quarter financial performance and current market conditions.

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Standard Motor Products Q2 Results Top Estimates - Quick Facts

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the second quarter surged to $28.0 million or $1.23 per share from $11.8 million or $0.52 per share in the prior-year quarter. Excluding items, adjusted earnings from continuing operations for the quarter were $1.26 per share.

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